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20120929
20121007
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. the psychological factor is important here, unemployment rate dropping below 8% to 7.8%. let's talk to steven moore, economics adviser for "the wall street journal." he he joins us now. good morning, steven. >> good morning. >> is this great news, good news, not so much news? what is this? >> probably doing a little jig over at the white house right now. there's certainly good news for the white house, coming off a bad debate. these are pretty good numbers. the fact that for the first time in over 40 months we now have an unemployment rate less than 8%. one interesting thing about these numbers that people might be a little confused about, officially the economy gained about 115,000, 120,000 jobs, which is so-so. you look at this other survey that we do of households and that found a gigantic gain in jobs something like 750,000 or 800,000. as economists, we're trying to figure out why the big discrepancy in these two numbers. the reason we call it the headline number, the unemployment rate, that will be the headline tomorrow, unemployment less than 8%. >> i have to ask you this. jack welch, conserv
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